SG Mart Limited , a prominent player in the steel trading and processing sector, is set to undergo a significant change in its shareholding structure. Sameer Gupta, a key figure in the company, plans to acquire a substantial 35.08% stake through a family gift transfer, potentially reshaping the company's ownership dynamics.

Key Details of the Share Transfer

• Acquisition Size: Sameer Gupta will acquire 4.42 crore equity shares of SG Mart Limited.
• Percentage Stake: The acquired shares represent 35.08% of the company's total shareholding.
• Transfer Method: The acquisition will be executed through gift transfers from immediate family members.
• Transfer Breakdown:
  • 3.28 crore shares from son Dhruv Gupta
  • 1.14 crore shares from wife Meenakshi Gupta
• Scheduled Date: The transfer is set to occur on or after November 11, 2025.
• Transaction Nature: Inter-family transfer by way of gift with no monetary consideration involved.

Impact on Shareholding Structure

Regulatory Implications

• Post-transaction, Sameer Gupta will be classified as a Promoter of SG Mart Limited.
• The transfer is exempt from open offer requirements under SEBI regulations as it constitutes an inter-se transfer between immediate relatives.

Company Background

SG Mart Limited, formerly known as Kintech Renewables Limited, is a key player in the steel industry. The company operates in various segments including B2B metal trading, service center operations, renewable structures, and distribution products. With its corporate office in Noida, Uttar Pradesh, SG Mart has been focusing on expanding its service center network and diversifying into value-added steel products.

This share transfer marks a significant development in SG Mart's ownership structure, potentially influencing the company's strategic direction in the coming years. As the steel industry continues to evolve, such changes in ownership may have implications for the company's growth strategies and market positioning.

Investors and market observers will likely keep a close watch on how this change in promoter shareholding might affect SG Mart's operations and future plans in the competitive steel trading and processing sector.

SG Mart , a prominent player in the Indian retail sector, has announced a significant revision to its financial targets, citing weaker-than-expected performance in the second quarter of fiscal year 2026. The company's management has stated that it will not achieve its previously set FY26 EBITDA target of ₹200.00 crore.

Performance Outlook

The company has provided insights into its near-term performance expectations:

This revised outlook suggests that SG Mart is facing challenges that are expected to persist through the third quarter of FY26, with hopes for improvement pinned on the fourth quarter.

Investor Communication

In line with its commitment to transparency, SG Mart held a conference call with investors and analysts on October 31, 2025, to discuss the unaudited financial results for the quarter and half-year ended September 30, 2025. This proactive approach to investor relations demonstrates the company's dedication to keeping stakeholders informed about its financial position and future prospects.

The audio recording of this conference call has been made available on the company's website, allowing investors and analysts who may have missed the live call to access the information. This practice aligns with the regulations set by the Securities and Exchange Board of India (SEBI) for listed companies.

Looking Ahead

While the revised EBITDA target represents a setback for SG Mart, the company's forward-looking statements suggest a cautious optimism for recovery beginning in Q4 FY26. Investors and market watchers will likely be keenly observing the company's performance in the coming quarters to assess its ability to navigate current challenges and return to a growth trajectory.

As the retail sector continues to evolve, SG Mart's ability to adapt to market conditions and execute its strategic plans will be crucial in determining its future financial performance and market position.